Chinese investments in Nigeria’s lithium processing hit $1.3bn – Alake
The Minister of Solid Minerals Development, Dr. Dele Alake, has revealed that Chinese investments in Nigeria’s lithium processing sector have reached $1.3 billion. Alake made this known at the China Mining Conference in Tianjin, where he spoke on the theme “Connect and Collaborate, Co-Build and Co-Share.” According to a statement by his media aide, Segun Tomori, the minister urged global investors to take advantage of Nigeria’s mining reforms, which have created a safer and more profitable environment for business. Alake highlighted several security and operational reforms, including the Mining Marshals and the Satellite Mines Monitoring Project, aimed at protecting licensed miners and curbing illegal mining activities. He said, “Since September 2023, when this administration assumed office, Chinese companies such as Canmax Technology, Jiuling Lithium, Avatar New Energy Nigeria Company, and Asba have invested over $1.3 billion in lithium processing. “These […]